Synchro Food Corporation

FY2021 Second Quarter Financial Results

FY2021 Second Quarter Financial Results Briefing Materials

Nov 2021 Synchro Food Co., Ltd. <3963>

Content

  1. FY2021 Second Quarter Financial Results
  2. Overview of Each Business Segment
  3. FY2021 Full-year Forecast
  4. Appendix

Copyright 2021 Synchro Food Co.,Ltd. All Rights Reserved.

1

Company Data

Company Name:

Synchro Food Co., Ltd.

Representative:

Shinichi Fujishiro

Founded:

April 2003

Locations:

Head Office:

EBIS SOUTH1, 1-7-8, Ebisu Minami, Shibuya-ku, Tokyo

Osaka Branch Office:

8F, MAINICHI SHINBUN BUILDING, 3-4-5, Umeda, Kita-ku,Osaka-shi, Osaka

Nagoya Branch Office:

3F, CHIKUBU BUILDING, 3-12-12, Meieki, Nakamura-ku,Nagoya-shi, Aichi

Capital:

510,517 thousand yen

Number of Employees:

119 (Consolidated basis/permanent employees/as of September 30, 2021)

Business:

Management of a media platform for food and drink businesses

Subsidiaries:

Wit Co., Ltd.

(M&A service business specializing in food and drink businesses)

Nicoshigoto Co., Ltd.

(Side-job matching business)

*Synchro Career Co., Ltd. (staffing business specializing in food and drink businesses

and food service businesses) has been absorbed on July 1, 2021.

Copyright 2021 Synchro Food Co.,Ltd. All Rights Reserved.

2

Executive Summary

Although a state of emergency was declared for

roughly three-quarters of the first half,

revenue and operating profit both recovered substantially

Consolidated

Financial

Highlights

(First Half)

Main Topics (First Half)

Year on Year

794 million yen

Revenue

+57.8%

Operating Profit 99 million yen

  • Mobimaru, which works on regional revitalization through mobile catering (food trucks), began a joint trial with Yokosuka City (April)
  • Absorbed Synchro Career Co., Ltd. (July)
  • Mobimaru began Suita City Machinaka Food Truck Project with Suita City, Osaka (July)
  • The number of businesses posting on
    "Kyujin@inshokuten.com" exceeded 40,000 (August)

Copyright 2021 Synchro Food Co.,Ltd. All Rights Reserved.

3

FY2021 Q2 Summary (vs. Target Figures)

We maintained resilient management, and achieved

an operating profit for two consecutive quarters in Q1 and Q2

(Million yen)

FY21 Q1-Q2

FY20 Q1-Q2

Year on

FY21 Q1

FY21

Earnings

Total Actual

Total Actual

Total Actual

Year

Forecast

(Consolidated)

(Consolidated)

(Consolidated)

1

(Consolidated)

Revenue

794

503

+57.8%

370

1,700

Gross Profit

678

392

+72.8%

314

-

2

587

(1.5)%

290

SG & A

578

-

Operating Profit

99

(194)

-

24

270

Operating Profit

3

-

-

6.7

15.9%

Ratio

12.6%

Recurring Profit

101

(193)

-

24

270

Net Income

74

(149)

-

7

180

Attributable to

Owners of Parent

  • As announced in the "Announcement of Full-year Consolidated Earnings Forecast" on November 12, 2021, the full-year consolidated earnings forecast for FY2021 has been disclosed.

1 Revenue from recruitment advertising services grew notably in Q2, and company-wide revenue for the first half recovered to roughly 80% of pre- COVID-19 level

2

Continued cost control and maintained the same level of SG & A as the previous year

3

Recorded an operating profit for two consecutive quarters, recovering substantially from a loss in the first half of the previous year

Copyright 2021 Synchro Food Co.,Ltd. All Rights Reserved.

4

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Synchro Food Co. Ltd. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 07:06:28 UTC.